The third and final part of ProMarket’s interview with Bernard Yeung, Dean of the National University of Singapore’s business school and one of the predominantly non-U.S.-born economists who laid the foundations for the scientific research of economic power concentration.

The second installment in ProMarket’s new interview series: Should the economic theory of the firm be modified? If so, how? In this installment, we ask MIT’s John Van Reenen. “Since markets in the U.S. and other advanced countries have become increasingly concentrated in the hands of a smaller number of “superstar” firms, the ability of such firms to influence market rules has also strengthened.”

Should the economic theory of the firm be modified? If so, how? In March, the Stigler Center at the University of Chicago Booth School of Business, Harvard Business School, and Oxford University will organize a conference to answer these questions and more. Ahead of the conference, we are launching an interview series with influential scholars in the field. In the first installment, Daniel Carpenter of Harvard University answers our questions: “the profitability and survival prospects of many firms in the coming years will depend heavily, in a polarized environment, on the political skills of managers.”

In the second part of his interview with ProMarket, Bernard Yeung—one of the economists who laid the foundations of scientific research on economic power concentration—discusses free trade, the connection between wealth and power, and why governments may actually prefer markets controlled by dominant players rather than by many competitors.

The latest update of the Chicago Booth/Kellogg School Financial Trust Index survey shows that anger at the current economic situation has been growing among low-income households since 2014, and that low-income white non-Hispanics are angrier than most other demographics.

Bernard Yeung, one of the predominantly non-U.S.-born economists who laid the foundations of scientific research on economic power concentration, offers insights relevant to the U.S. economy. Part 1 of a three-part interview.

A new Stigler Center working paper examines the political factors that shape competition in the wireless sector around the world and finds that pro-competition rules reduce prices, but do not hurt quality of service or investments.

On the eve of Donald Trump’s inauguration as president, the latest update of the Chicago Booth/Kellogg School Financial Trust Index survey finds that Americans are sharply divided on some of Trump’s signature economic policies. The only thing a vast majority of Americans can agree on is the need to “drain the Washington corruption swamp.”

“Blockchain technology is threatening to remake the financial system from the top down in a way that threatens the existence of all the banks, stock changes, and all of the legacy financial institutions. I expect that within the next 10 years, probably half of the banks will be gone.”

A new paper by Elisabeth Kempf from the University of Chicago looks into the performance of credit analysts who left to work for investment banks and finds that they were more accurate than their peers.